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Depasquale: state budget crisis to blame for school districts borrowing $431 million


 With the state’s budget impasse entering its fourth month, Auditor General Eugene DePasquale said on Wednesday that the stalemate has now prompted an extra 10 school districts to borrow $85 million, bringing the total borrowed to date to $431 million. Interest and fees on the money borrowed to date could potentially reach $14 million, according to a release.

"At a minimum, this is a significant distraction for our schools, and at its worst, it's a down right emergency," Depasquale said. "These costs will almost double between now and Thanksgiving if there isn't a budget deal by then."

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